The UK's benchmark the FTSE 100 gained marginally in early trading adding 4.7 points to 5932.7 and t...
The UK's benchmark the FTSE 100 gained marginally in early trading adding 4.7 points to 5932.7 and the Techmark rose 29.26 to 2109.94. The Footsie continues to benefit from the Nasdaq rally which is now 32% higher since its year low figure four weeks ago.
Tech stocks continue to climb. Sage gained 15.75p to 310.5, ARM up 22p at 411, CMG 11p to 374p. Telecommunication prices are also higher with gains for Marconi, which is 16p higher at 418p, Colt Telecom added 42p to 977 but leading mobile Vodafone slid 10.5p to 196p after saying it is to pay £3.7bn for British Telecom's Japan Telecom stake. It is also to purchase 17.8% of the Spanish telecom Airtel for 1.77bn euros. BT fell 5p to 594p.
The US markets closed yesterday with gains for its three core indices. The technology focused Nasdaq gained 52.3 to 2168.37, the Dow Jones rose 163.37 to 10,898.34 and the Standard and Poor's 500 added 16.99 to 1266.45.
Grocery stock Procter & Gamble increased $4.13 to 64.18, tobacco giant Philip Morris gained $1.99 to 52.10, Coca-Cola added 1.44 to 47.63 while fellow soft drink maker PepsiCo advanced 84 cents to $44.65.
In Asia the Nikkei 225 is little changed at 14,421.64 with microchip manufacturer adding 1.9% to 2360 yen and audio product group Sony climbing 2.8% to 9790 yen. In Hong Kong the Hang Seng gained 361.47 to 13,747.51 with HSBC adding 2% to HK$101. In Singapore the Strait Times rose 1.5% to 1747.80 and Australia's ASX 200 gained 0.1% to 3330.60.
Partner Insight Video: Advisers have had to adapt to the changing investment landscape.
Investment trust savings scheme